Elevate Uranium Ltd · ASX:EL8
Elevate Uranium — Resources Investor Roadshow (September 2019)
24 slides from Elevate Uranium's conference presentation, Sep 18, 2019
Slide 1: U-pgrade-ing for Clean Energy
September 2019 “U-pgradeTM-ing for Clean Energy”
Slide 2: Disclaimer & Important Information
Disclaimer & Important Information Disclaimer This presentation has been prepared by Marenica Energy Limited (Marenica). This document does not constitute or contain an offer, invitation, solicitation or recommendation with respect to the purchase or sale of any securities in Marenica. This document
Slide 3: Corporate Snapshot
Corporate Snapshot Experienced Board & Management Capital Structure Chairman Andrew Bantock ASX Code MEY +25 years experience as Chairman, Director, CEO and CFO roles Share Price (3 September 2019) $0.11 Managing Murray Hill Director +30 years experience in mining industry, particular focus on metal
Slide 4: Marenica – Building a Uranium Business
Marenica – Building a Uranium Business Marenica’s strategy for developing the business is focussed on: 1. Exploring its own projects 2. Acquiring projects in which U-pgrade™ can add value Ability to deliver on this strategy has been key to our success Secured nine new strategic tenements in Namibia
Slide 5: Strategic Advantage
Strategic Advantage • Largest Namibian tenement holding – Highly prospective Large Asset Base • Newly acquired Australian - Namibia Strategic asset portfolio • Tenements held in - Australia Advantage politically safe jurisdictions with commercially supportive governments • Lower uranium price requir
Slide 6: Portfolio of Uranium Assets
Portfolio of Uranium Assets Namibia Namib Project Exploration - Namibia • Largest uranium tenement holding (granted and in Marenica Project application) in uranium friendly Namibia • Exploration underway with drilling success at Koppies Other Projects • Marenica Project resource of 61 Mlb at 93 ppm
Slide 7: Namibian Tenement Holdings
Namibian Tenement Holdings Mile 72 Area • Namibia is a world-class uranium province with established uranium mining industry • Strategic exploration applications lodged – five Marenica of twelve EPL’s granted Area • Exploration programs in progress on highly prospective licences • Exploration succes
Slide 8: Namib Project
Namib Project Namibia Namib Project Marenica Project Other Projects Australia Angela Project Thatcher Soak Project Oobagooma Project JV Projects 8
Slide 9: Exploration Success at Koppies EPL 6987
Exploration Success at Koppies EPL 6987 • Tumas channel mineralisation extends into Koppies • August 2019 drill results include: • KP001 - 6 m at 342 ppm • KP002 - 3 m at 342 ppm • KP003 - 6 m at 219 ppm • KP004 - 6 m at 432 ppm Drilling Area • KP006 - 5 m at 351 ppm • Drilling continues at Koppies
Slide 10: Marenica Uranium Project
Marenica Uranium Project Namibia Namib Project • 75%-owned Marenica Uranium Project, covering 321 km², is in Marenica Project Namibia’s Erongo region • Marenica Uranium Project – large 61 Mlb resource at 93 ppm U3O8 Other Projects • Surficial calcrete hosted uranium deposit in same palaeochannel Aus
Slide 11: Namibian Uranium Projects
Namibian Uranium Projects Namibia Namib Project • Namib Project – 2,494 km² in 9 EPL’s, 4 active and 5 in application; all upstream of known deposits Marenica Project • Marenica Project – 338 km² in 2 active EPL’s Other Projects • Mile 72 Project – 1,696 km² in 3 EPL’s, 1 active and 2 in application
Slide 12: Project Locations in Australia
Project Locations in Australia Wholly owned • Angela deposit – 31 Mlb at 1,310 ppm U3O8 • Thatcher Soak deposit – 11 Mlb at 425 ppm U3O8 • Oobagooma deposit – historical resource (unable to report) Joint Venture Projects • Bigrlyi deposit (high-grade) – 21 Mlb at 1,283 ppm U3O8 and 20 Mlb vanadium a
Slide 13: Angela Project – NT
Angela Project – NT Namibia Namib Project • Angela deposit – inferred resource of 31 Mlb at 1,310 ppm U3O8 Marenica Project • 25 km from Alice Springs and close to major infrastructure • Sandstone hosted, outcropping at surface Other Projects • Development concept – open pit into underground Austral
Slide 14: Thatcher Soak Project – WA
Thatcher Soak Project – WA Namibia Namib Project • Thatcher Soak deposit – inferred resource of 11 Mlb at 425 ppm U3O8 • Located 140 km east of Laverton, same province as Yeelirrie, Centipede Marenica Project and Lake Maitland calcrete deposits Other Projects • Calcrete hosted deposit suitable for a
Slide 15: Oobagooma Project – WA
Oobagooma Project – WA Namibia Namib Project • Paladin announced historical resource in 2015 • Located in Canning Basin, 75 km from Derby in Kimberley region Marenica Project • Mineralisation in Yampi Sandstone within palaeodrainage system Other Projects • High-grade mineralisation from 40 m to 180
Slide 16: Joint Venture Projects – NT
Joint Venture Projects – NT Namibia Namib Project • Bigrlyi – 21 Mlb at 1,283 ppm U3O8 (20.82% MEY) Marenica Project • Walbiri – 16 Mlb at 641 ppm U3O8 (22.88% MEY) Other Projects • Additional smaller deposits – 3.6 Mlb at 524 ppm U3O8 (20.82% MEY) Australia Angela Project Thatcher Soak Project Ooba
Slide 17: About U-pgrade
About U-pgradeTM The technology that sets Marenica apart from its peers…. What is U-pgradeTM • Marenica’s 100% owned and patented breakthrough beneficiation process • U-pgradeTM rejects >95% of mass prior to leach • U-pgradeTM increases Marenica Project ore grade from 94 ppm to ~5,000 ppm U3O8 • U-p
Slide 18: Maximising Portfolio Value
Maximising Portfolio Value Strategy to deliver value on current uranium portfolio 1. Continue focused drill program on highly prospective Namibian tenements 2. Continue analysis on Australian assets to determine best asset for first development 3. Add value through application of U-pgradeTM to reduc
Slide 19: Valuation Compared to Peers
Valuation Compared to Peers Market Cap / Resource Pounds 0.6 0.5 Market Cap / Resource Pounds 0.4 0.3 0.2 0.1 0.0 Toro Energy Energy Metals Deep Yellow Vimy Bannerman Marenica MEY has lowest Market Cap to Resource Pounds ratio compared to its peers … 19 Source: ASX Website 10 September 2019, Company
Slide 20: Positive Uranium Outlook
Positive Uranium Outlook 71 165 315 40% Nuclear reactors Nuclear reactors Nuclear reactors Est. global demand under construction planned proposed growth by 2025 The 2018 U3O8 consumption Uranium industry outlook better outweighed the combined primary than ever. and secondary production resulting Nuc
Slide 21: Key Investment Drivers
Key Investment Drivers • A large portfolio of under-developed, high-grade Australian uranium assets with potential for resource expansion • Strategically acquired Namibian tenements upstream of key mineralised palaeochannels • Geographically diverse uranium asset portfolio across Namibia and Austral
Slide 22: Thank you
Thank you Contact details: Murray Hill murray.hill@marenicaenergy.com.au +61 8 6555 1816 22
Slide 23: Australian JORC Resource Table
Australian JORC Resource Table Cut-off Total Resource Marenica Share Deposit Category (ppm Tonnes U O 3 8 U3O8 V2O5 V2O5 Marenica Tonnes U3O8 U3O8 V2O5 V2O5 U3O8) (M) (ppm) (Mlb) (ppm) (Mlb) Holding (M) (ppm) (Mlb) (ppm) (Mlb) Australia - 100% Holding Angela Pamela JORC 2004 Inferred 300 10.7 1,310
Slide 24: Resource Competent Person Statements
Resource Competent Person Statements Marenica Uranium Project: The Company confirms that the Resource Estimate referred to for the Marenica Uranium Project has not changed since the annual review included in the 2018 Annual Report. The Company is not aware of any new information, or data, that effec
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